Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, March 6, 2015

Article Excerpt

VISA INC., $269.34, New York symbol V, and Citigroup Inc. (New York symbol C) have won a contract with retailer Costco Wholesale Corp. (Nasdaq symbol COST). Under the deal, which takes effect April 1, 2016, Costco will only accept Visa credit cards at its 474 warehouse stores in the U.S. In addition, Citigroup will offer Costco members a new co-branded Visa card with an enhanced loyalty rewards program—though shoppers can also use Visa cards issued by other banks. This deal should increase Visa’s payment volumes and earnings. Moreover, the company’s risk is low, as Citigroup will issue the cards and collect the payments. Visa is a buy. Visa was recently covered in the March 2015 issue of Wall Street Stock Forecaster. Click here to access it. Visa was recently covered in the February 2015 issue of Wall Street Stock Forecaster. Click here to access it. GOOGLE INC., Nasdaq symbols GOOG (class C non-voting), $567.68, and GOOGL (class A voting), $572.90, has announced that it will soon…